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Inflation is up and is being felt in every part of American life, including at the gas pump. Congressman Gary Palmer (R-Ala.), who serves on the Energy and Commerce Committee, said increasing the development of all domestic energy resources, especially oil and gas will help lower inflation because increased fuel costs permeate all levels of the economy. “Well, it will, because energy is the most ubiquitous part of the entire economy, there’s an energy cost in everything,” Palmer told the host of NTD Capitol Report Steve Lance.
“So, if you can reduce energy cost, your manufacturing costs come down, your production costs come down, your wholesale, and you’re warehousing and your transportation.” The national average gas price was $4.24 per gallon as of March 23, according to data from automotive group AAA. That’s up from $3.53 in February, before the Russian invasion of Ukraine, and up from $2.88 in March 2021, data show. “If …
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